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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000101295-04-000015.txt : 20041105
<SEC-HEADER>0000101295-04-000015.hdr.sgml : 20041105
<ACCEPTANCE-DATETIME>20041105154552
ACCESSION NUMBER:		0000101295-04-000015
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041105
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20041105
DATE AS OF CHANGE:		20041105

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED GUARDIAN INC
		CENTRAL INDEX KEY:			0000101295
		STANDARD INDUSTRIAL CLASSIFICATION:	PERFUMES, COSMETICS & OTHER TOILET PREPARATIONS [2844]
		IRS NUMBER:				111719724
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10526
		FILM NUMBER:		041122820

	BUSINESS ADDRESS:	
		STREET 1:		230 MARCUS BLVD
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-273-0900

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 18050
		STREET 2:		230 MARCUS BLVD.
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNITED INTERNATIONAL RESEARCH INC
		DATE OF NAME CHANGE:	19820422
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>q3_2004earningsrelease-8k.txt
<DESCRIPTION>FORM 8-K FOR 3RD QUARTER 2004 EARNINGS RELEASE
<TEXT>
                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                                 --------------

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934


      Date of report (Date of earliest event reported): September 10, 2004


                              UNITED-GUARDIAN, INC.
               --------------------------------------------------
               (Exact name of Registrant as Specified in Charter)


          DELAWARE                       1-10526                  11-1719724
 ---------------------------     ----------------------          ------------
(State or Other Jurisdiction    (Commission File Number)        (IRS Employer
     of Incorporation)                                       Identification No.)


   230 Marcus Boulevard, Hauppauge, New York                        11788
- ------------------------------------------------                   --------
   (Address of Principal Executive Offices)                       (Zip Code)



Registrant's telephone number, including area code: (631) 273-0900
                                                    --------------

                                 Not Applicable

           -----------------------------------------------------------
          (Former name or former address, if changed since last report)

     Check the  appropriate  box below if the Form 8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

      -
     [_] Written  communications  pursuant to Rule 425 under the  Securities Act
         (17 CFR 230.425)
      -
     [_] Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
         CFR 240.14a-12)
      -
     [_] Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
         Exchange Act (17 CFR 240.14d-2(b)
      -
     [_] Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
         Exchange Act (17 CFR 240.13e-4(c)


Item 2.02 - Results of Operations and Financial Condition

     On November 5, 2004,  United-Guardian,  Inc. (the "Company") issued a press
release  announcing  the  Company's  financial  results  for the  quarter  ended
September 30, 2004, a copy of which is attached hereto as Exhibit 99.1.

     The  information in this Current  Report,  including the attached  Exhibit,
shall not be  deemed  "filed"  for  purposes  of  Section  18 of the  Securities
Exchange Act of 1934, as amended,  or otherwise  subject to the  liabilities  of
that Section,  nor shall it be deemed  incorporated by reference into any filing
under the Securities  Act of 1933, as amended,  except as expressly set forth by
specific reference in such filing.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS.

  (c) Exhibits

      Exhibit Number       Exhibit

      --------------       -------

      99.1                 Press Release dated November 5, 2004.


                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.

                                                   UNITED-GUARDIAN, INC.

                                                   By:/s/ Kenneth H. Globus
                                                      ---------------------
                                                   Name:  Kenneth H. Globus
                                                   Title: President


November 5, 2004


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>q3_2004earningsexhibit-8k.txt
<DESCRIPTION>3RD QUARTER 2004 EARNINGS RELEASE
<TEXT>
EXHIBIT 99.1
- ------------
                             UNITED-GUARDIAN REPORTS

                          RECORD THIRD QUARTER RESULTS

     Hauppauge, NY, November 5, 2004 - United-Guardian,  Inc. (AMEX:UG) reported
today that sales and earnings for the third  quarter of 2004, as well as for the
first nine months of 2004, all reached record levels. Sales for the quarter were
$2,987,383 versus $2,315,417 for the same quarter last year, an increase of 29%,
and earnings for the quarter were up 31% from  $532,954 in 2003 to $699,096 this
year. For the nine-month  period sales  increased from  $8,632,494  last year to
$8,977,454 this year, and earnings  increased from $1,871,346 to $2,081,260,  an
increase of 11%.

     Ken Globus,  President of United-Guardian,  stated "Since our third quarter
is typically our slowest quarter due to seasonal slowdowns in European purchases
during the summer  months,  we were very pleased to achieve this record level of
sales and  earnings..  While some of this  increase may be  attributable  to the
timing of orders,  we believe  that it may also be an  indication  of  increased
sales of our core products,  including our recently introduced Lubrajel(R) II XD
moisturizing  gel.  We are  continuing  to work with our  marketing  partners to
develop new  products for the personal  care  industry,  which will enable us to
continue to steadily increase our sales and earnings over the coming years."

     United-Guardian  is a manufacturer  of cosmetic  ingredients,  personal and
health care products, pharmaceuticals, and specialty industrial products.

                                        Contact: Robert S. Rubinger
                                                 Public Relations
                                                 (631) 273-0900




     NOTE:  This press release  contains both  historical  and  "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of 1995. These statements about the company's expectations or beliefs concerning
future events, such as financial  performance,  business prospects,  and similar
matters,  are being made in reliance upon the "safe  harbor"  provisions of that
Act.  Such  statements  are subject to a variety of factors that could cause our
actual results or performance to differ materially from the anticipated  results
or  performance  expressed or implied by such  forward-looking  statements.  For
further  information  about the  risks and  uncertainties  that may  affect  the
company's  business  please refer to the company's  reports and filings with the
Securities and Exchange Commission.

<page>
<table>
<caption>
                   RESULTS FOR THE NINE AND THREE MONTHS ENDED
                    SEPTEMBER 30, 2004 and SEPTEMBER 30, 2003

                                                              9 Months Ended                     3 Months Ended
                                                               September 30,                       September 30,
                                                         2004              2003              2004               2003
                                                       ---------         ---------         ---------          ---------
<S>                                                  <C>               <C>               <C>                <C>
Revenue                                              $ 8,977,454       $ 8,632,494       $ 2,987,383        $ 2,315,417
Costs and expenses                                     5,899,444         5,847,914         1,953,142          1,531,590
                                                       ---------         ---------         ---------          ---------
       Income from operations                          3,078,010         2,784,580         1,034,241            783,827

Other income                                             160,250           118,766            53,855             39,127
                                                       ---------         ---------         ---------          ---------
         Income before income taxes                    3,238,260         2,903,346         1,088,096            822,954

Provision for income taxes                             1,157,000         1,032,000           389,000            290,000
                                                       ---------         ---------         ---------          ---------
       Net income                                    $ 2,081,260       $ 1,871,346        $  699,096        $   532,954
                                                       =========         =========         =========          =========
Earnings per share (Basic and Diluted)               $      0.42       $      0.38        $     0.14        $      0.11
                                                       =========         =========         =========          =========
</table>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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